News Karnataka
Saturday, December 09 2023

Bengaluru: Exchanging demonitised cash, HC stays trial of accused

Karnataka High Court
Photo Credit : IANS

Bengaluru: The case against a person accused of illegally exchanging demonetised currency notes worth Rs. 10 lakh for new ones through a bank in 2016 stayed by the High Court on Friday July 29. Senior counsel A. S. Ponnanna argued Padmanabhaiah’s petition before Justice M. Nagaprasanna during the hearing.

The counsel emphasised that no reason for the delay had been recorded when the FIR was filed four months after the alleged incident. The complaint was submitted to the PMO office, which mentioned 8 people. However, it was claimed that the Bank Manager was not even an accused or a witness in the case.

According to sources, the incident happened in the Corporation Bank branch in Ramanagara. A trial court fixed a continuous hearing for August 1 to 3, 2018. The trial was stayed by the High Court until August 10.

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